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20121123
20121123
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is getting over hurricane sandy and people don't have anything left. host: you said you plan to spend about the same. how much did you spend or plan to spend this holiday season? caller: i was trying not to go into my personal story but i am disabled. i have diabetes so i don't really spend much on anything. that is not really the point. guest: as much as consumers seem like they are having short-term memory and starting to return to pre-recessionary levels, we are seeing consumer debt levels come down. that could be an indicator as much as americans are very concerned about consumption, they are also very concerned about their financial well- being. it will see whether they will cancer each -- cancel each other out. there are some trends that bode well for overall financial health -- the idea that debt levels are starting to decline is a good thing. host: about whether or not holiday spending helps our economy -- here is holiday sales and the economy -- how does that compare to years past and what impact does it have? guest: some people are predicting $700,000 which would be phenomenal con
that everybody of the hundreds of people that work at cbs news during the crazy week of hurricane sandy has an example -- each has their own story of difficulty at home. all of them came right to work and ran into the story. that is what happens time and time again in the news business. you cannot predict what happens tomorrow, and that is part of what i think is exciting. requires some sacrifice working holidays, running into a storm when your own house had a tree come down on it. everybody had a story. i have worked incredibly hard and made us all proud. that really is a big part of what we try to achieve it. we are proud of what we are doing. in that case, we are proud of public service. then the election can, and i am proud of that too. everybody stay sober? it really was a culmination for us. we had taken over -- in charge of a cbs news one year and a half ago. these big stories happened. that is a priority of our organization. when a big story happens, we are ready to jump on a dime, including the petraeus story, and that is as big as it gets. to cover it in a way that helps the viewe
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